Wall Street Closes Mixed as Nvidia Leads Gains
Wall Street’s major indexes closed mixed on Friday, with a surge in Nvidia lifting the Nasdaq, while the Dow and S&P 500 edged lower. Despite the uneven session, all three benchmarks ended the week with gains.
The Dow Jones Industrial Average, which tracks 30 blue-chip stocks, fell 0.37% to 44,546.08 points. The S&P 500 dipped slightly by 0.01% to 6,114.63, while the tech-heavy Nasdaq Composite gained 0.41%, supported by strong performances in the sector.
Investor sentiment improved after President Donald Trump signed a memorandum ordering the calculation of reciprocal trade tariffs, a process expected to take weeks, easing immediate concerns over potential trade disruptions.
Tech Stocks Shine, Nvidia and Airbnb Lead Gains
Among major tech companies, Nvidia (+2.63%) and Apple (+1.27%) stood out, while Airbnb surged 14.45% after posting better-than-expected earnings. By sector, technology and communication services led gains, while consumer staples posted the largest losses.
Within the Dow Jones, Nvidia and Goldman Sachs (+1.79%) were among the top performers, while Procter & Gamble (-4.75%) led the declines.
Weekly Performance
All three indexes closed the week in positive territory. The Dow Jones rose 0.55%, the S&P 500 advanced 1.47%, and the Nasdaq outperformed with a 2.58% gain.
Notable Market Moves
- Airbnb (ABNB) jumped after surpassing analyst earnings expectations.
- GameStop (GME) rallied on speculation about its potential move into Bitcoin.
- Moderna (MRNA) fell after reporting a larger-than-expected earnings loss, adding to the vaccine maker’s recent struggles.
The market remains focused on earnings season and the evolving trade policy landscape, with investors closely watching developments in tariffs and economic data for further direction.
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